I wouldn't say it's "waning". This is more an over-estimation of their own self-importance by specifically Facebook. They're a net negative on society. If they

I wouldn't say it's "waning". This is more an over-estimation of their own self-importance by specifically Facebook. They're a net negative on society. If they left Europe I'm sure most European leaders would say "please do, and thank you". If for example Microsoft would have said the same thing the reaction would have been very different.